Remove Balanced Scorecard Remove GAAP Remove Innovation Remove Management
article thumbnail

On Creative Accounting: Two Creativity Myths

Harvard Business Review

Say that in a roomful of managers, and you get nervous laughter. Wall Street's " financial innovations " of recent years seem to have given creativity a bad name. As long as the new ideas cohere with ethical standards, and generally accepted accounting principles ( GAAP ), they can yield immense benefits. Except when it's good.